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Why GlobalFoundries Stock Keeps Soaring

TheMotleyFool

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Shares of contract semiconductors manufacturer GlobalFoundries (NASDAQ: GFS) climbed 6.2% to close just short of $63 a share Thursday. Since its initial public offering last week, the stock has gone nowhere but up, gaining ground five straight trading sessions.

And it's not done yet.

Image source: Getty Images.

Source Fool.com

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